Sub-segments of the property sector such as shophouses and retail space will continue to be in strong demand, immediate past president of Malaysian Institute of Estate Agents (MIEA) Stephen Tew said.
“I am actually quite bullish about the shophouse market which had taken a very bad beating during the 1997 financial crisis, registering the largest decline in capital value. So, I would say that with the prices of shophouses still low, this segment would eventually show the highest rebound,” he told StarBiz in an interview.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
